Oil prices fell sharply after Iranian state television broadcast details of a peace proposal, mass drone production has turned the war effort around for Ukraine, and the European Central Bank warned US President Donald Trump risks triggering a financial crisis. Plus, AI opens the door for smaller, well-funded challengers to take market share from Big Four consultancies.

Mentioned in this podcast:

Oil falls as Iranian state television reports details of peace proposal

Russian banks to arm themselves against Ukrainian drones

Ukraine is turning the tables

Trump risks triggering financial crisis with Iran war, warns ECB

How AI threatens the giants of consulting

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Today’s FT News Briefing was hosted by Sonja Hutson, and produced by Katya Kumkova. Our show was mixed by Sam Giovinco. Additional help from David da Silva. Our executive producer is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

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How Ukraine’s drones turned the tables

FT News Briefing

How Ukraine’s drones turned the tables